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AS&E's Q3 earnings beats Street

BILLERICA -- Shares of American Science and Engineering Inc. are moving up in after-hours trading after the company reported fiscal third-quarter earnings that were better than forecasts.

For the three-month period ending Dec. 31, AS&E reported net income of $6.1 million, or 73 cents per share. While that was lower than the year-ago total of $7.5 million (84 cents per share), it was ahead of the 58-cents-per-share forecast.

Quarterly revenues were $50.8 million, down from $57.9 million in the same quarter a year earlier but also ahead of the forecast figure of $47.8 million.

The company makes sophisticated screening equipment used to detect illegal weapons and contraband at high-security areas.

Shares of AS&E were up 21 cents, to $65.20, in after-hours trading Monday. They closed at $64.99m down $1.53, in regular Nasdaq trading.

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